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Mumbai’s Property Sales Decline By Over 6% Year-On-Year

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Year-on-year biannual data of property registrations done in Mumbai shows a 6.39% decline. In 2022, between January and June, a total of 66,760 agreements for sale were registered with the Department of Registration and Stamps. On the other hand, during the first six months of 2023, which is up to June 30, 62,492 agreements for sale were registered.

In June 2023, a total of 10,319 property sale agreements were registered, as per data available from the state government. The previous June, 9,919 agreements for sale were registered in Mumbai.

Brokers, and consultants remain upbeat

Despite the decline in property registrations, real estate consultants and brokerage firms continue to be upbeat. They have been terming the recent sale of properties as a “bull run” of sorts and it being at an all-time high. However, a look at the 2023 property registration data shows a contradicting picture.

“Those who are into marketing and sale of properties will always try to portray a rosy picture of the industry, because their agenda is simple – to push more sales for their company to maintain a growth trajectory,” said an industry player in confidence.

“If the market is too buoyant and the demand as projected by the real estate consultancy firms, why for years is there stagnancy in the property prices?” questioned the same individual.

“Price of a product or service is directly dependent on the interaction between demand and supply. With such a heightened demand, the property prices should have increased month-on-month, but that is not the case despite the inflationary pressures that the Reserve Bank of India’s Governor himself has been categorically pointing out, repeatedly.”

Inflation, increase in home loan interest rates have hit market

Overall, in the recent past, the real estate market has witnessed a few headwinds impacting the sale such as inflationary pressure, increase in home loan interest rates, higher stamp duty rate, layoffs, etc.

At every repo rate or interest rate hike announced by the RBI, it is widely known that the real estate industry stalwarts have been presenting itself as upset and coming up with statements that it will impact property sales. Yet, within a few days, they contradict their own statements by mentioning the sales continue to be robust and at an all-time high.

Maharashtra

Two men arrested for forcibly pulling a woman’s gold chain and fleeing in Kandivali, a case of theft registered against both

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On October 6, in the jurisdiction of the Kandivali Police Station, an elderly woman was walking home from the market. Under the pretext of helping her cross the road, unidentified thieves followed her close to her home; while she was seated, they forcibly snatched the gold chain from her neck and fled. Based on the complainant’s statement, the Kandivali Police registered a case (Case No. 1450/2026) under Section 309(4) of the Bharatiya Nyaya Sanhita (BNS), 2023. The stolen item was an antique gold chain, weighing approximately 17 grams and valued at Rs. 2,00,000.

Under the guidance of the DCP (Zone 2), the Kandivali Police formed three teams to track down the suspects. The officers and personnel conducted a technical investigation at the crime scene and the surrounding area. During this process, the Kandivali Police team learned that a case of motorcycle theft had been registered at the Kasturba Marg Police Station (Case No. 760/2026, under Section 303(2) of the BNS). A police team was subsequently formed at the Kasturba Marg Police Station to investigate that case as well.

Following this, four separate teams from the Kandivali and Kasturba Marg Police Stations—utilizing technical investigation methods and information from informants—identified the suspects wanted in connection with these crimes. On November 9, information was received that the wanted suspects were expected to arrive in the vicinity of Dadar Railway Station that night. Acting on the aforementioned information, police set a trap at Dadar Railway Station and, following a skillful investigation, took both suspects into custody. The suspects are Pramod Prabhakar Jatar (43, unemployed, residing at Room No. 07, 4th Floor, Sunshine Garden, Nalasopara East, Palghar District) and Mohammad Shahid Alauddin Khan (47, a tempo driver, residing at Azad Nagar, Gate No. 08, Ambojwadi, Malwani, Malad, Mumbai). Further interrogation regarding the crime revealed their involvement, leading to their formal arrest. During the investigation, police recovered a gold chain (weighing approximately 17 grams, valued at Rs. 2,00,000) that had been forcibly stolen, as well as the motorcycle used to commit the crime—a vehicle that had previously been reported stolen from the jurisdiction of the Kasturba Marg Police Station.
The investigation teams from the Kandivali and Kasturba Marg Police Stations demonstrated commendable performance; through tireless effort and professional skill—from the initial registration of the case to its resolution—they have fostered a sense of security among the public and enhanced the image of the Mumbai Police.

This operation was carried out under the guidance of Police Commissioner Deven Bharti, Joint Police Commissioner Manoj Kumar Sharma, Additional Commissioner Shashi Kumar Meena, and DCP Sandeep Ghuge.

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Maharashtra

Kurla: Police alert after Vinod Pawar shot at Halaupal, personal enmity suspected. Additional Commissioner and DCP also at the scene, investigation underway.

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Panic gripped the McDwala Compound in the Halavpul area of ​​Kurla, Mumbai, when unidentified assailants opened fire on Vinod Pawar. The attack, carried out by unknown assailants—identified as his rivals—occurred at 12:40 PM, leaving Vinod severely injured. He was admitted to the nearby Bhabha Hospital, where his condition is reported to be critical. The assailants did not target Vinod alone; they also fired shots into the ground. Following the incident, the police registered a case and launched an investigation. DCP Ganesh Shinde and Additional Commissioner of Police (East Region) Dhananjay Kulkarni inspected the crime scene, and a forensic team has been called in to assist with the investigation. Preliminary inquiries suggest that the shooting was the result of an old enmity involving Vinod Pawar; the police are now examining every aspect of the case. DCP Ganesh Shinde stated that the incident took place within the jurisdiction of the V.B. Nagar Police Station at 12:40 PM, where 40-year-old Vinod Ellappa Pawar was fired upon by his rivals due to a long-standing feud. The injured Vinod Pawar has been admitted to a nearby hospital. Police sources stated that a shooting incident had occurred here previously as well, and now a second such incident has taken place; consequently, the police have issued an alert. The matter is being investigated from every angle. DCP Ganesh Shinde has begun questioning individuals in the area, including eyewitnesses. Since the incident took place in broad daylight, evidence—including CCTV footage and other relevant documentation—has been collected.

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General

India condemns misleading content created by Chinese vloggers, deliberate distortion of geographical locations

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New Delhi : India on Tuesday severely condemned attempts being made by the Chinese vloggers to portray impoverished neighbourhoods in Bangladesh’s capital Dhaka as New Delhi through misleading content, saying such efforts to peddle false narratives undermine the credibility of those undertaking and backing them. Addressing a bi-weekly press briefing in New Delhi, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal urged the authorities concerned to take action against those involved.

“We have seen media reports in this regard. Such efforts to present a distorted picture of any country are unfortunate. Insofar as efforts to buy foreign elements to portray Dhaka as Delhi are concerned, the peddling of false narratives only undermines the credibility of those who are undertaking such actions and those who are behind them. And we would urge the authorities concerned to take action against such people,” he said.

The remarks came amid reports that over 150 Chinese nationals have been filming and livestreaming from economically disadvantaged neighbourhoods of Dhaka, falsely depicting them as parts of New Delhi.

While recording footage from these locations, they made disparaging comments about India’s living standards, sanitation, food habits, and poverty.

The misleading portrayal has sparked concerns over the deliberate distortion of geographical locations and the possible use of deceptive online content to create negative perceptions about India among international audiences.

The incident underscored the growing threat posed by misinformation and manipulated content on social media, where sensationalised posts can spread widely before their authenticity is established.

The activities have reportedly been taking place in Dhaka’s Tekpara and Uttara areas for several months, with streamers remaining active from early morning until late at night.

One Chinese woman identified as ‘Mianmian’, who claimed to be from China’s Sichuan province, livestreamed from beside a canal in Uttara Sector 12 of Dhaka on November 1. She reportedly presented the area to her online audience as New Delhi and described the residential buildings and surrounding areas as dirty, underdeveloped, and unhygienic.

“This is New Delhi. Their homes are extremely dirty. There isn’t even a fan inside the tin-roofed houses. This place is quite underdeveloped, dirty and unhygienic, and the law-and-order situation is poor,” leading Bangladeshi daily ‘Prothom Alo’ quoted her as saying.

In another instance, a Chinese national was seen live streaming from tea stalls in the Tekpara locality of Dhaka, making the offensive remarks that the tea consumed by locals was made using “cow urine”.

“Look, they are drinking tea. Do you know what kind of tea this is? This is cow urine tea. They drink cow urine tea,” Prothom Alo quoted him as saying.

The footage also contained derogatory comments on the residents’ lifestyles, with repeated references to poor hygiene, lack of sanitation, and substandard living conditions.

These are not isolated incidents, as reports of Chinese content creators recording videos in Dhaka’s underprivileged neighbourhoods have been emerging since May 2026.

The recurring pattern of Chinese content creators repeatedly filming in the same low-income neighbourhoods, along with allegations of geographical misrepresentation and intrusive filming, raises concerns about attempts to undermine India’s image internationally.

These recent developments point to a coordinated anti-India campaign. The issue is not merely the recording of impoverished neighbourhoods, but the calculated misrepresentation of locations in another country as parts of India, coupled with disparaging remarks intended to influence how international audiences perceive Indian society.

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